Core Viewpoint - The company, Electric Connection Technology (300679.SZ), has stated that it is not currently involved in high-speed backplane connectors but is closely monitoring industry and market technological developments for potential opportunities [1] Company Summary - Electric Connection Technology has not yet entered the high-speed backplane connector market [1] - The company is actively observing technological advancements in the industry and market [1] Industry Summary - The industry is experiencing technological developments that may present future opportunities [1]

Group 1 - The core viewpoint of the news is that Dianlian Technology's stock has experienced a decline of 5.07%, with a current price of 47.23 CNY per share and a total market capitalization of 20.064 billion CNY [1] - Dianlian Technology, established on November 20, 2006, and listed on July 31, 2017, specializes in micro-connectors and interconnection systems, with its main revenue sources being automotive connectors (32.14%), RF connectors and cable assemblies (18.52%), electromagnetic compatibility components (17.75%), flexible boards (16.28%), and others (15.32%) [1] Group 2 - From the perspective of major fund holdings, the Green Fund has a significant position in Dianlian Technology, with the Green Innovation Growth Mixed A Fund (007533) holding 5,600 shares, accounting for 5.44% of the fund's net value, making it the second-largest holding [2] - The Green Innovation Growth Mixed A Fund was established on September 2, 2019, with a current size of 2.6802 million CNY, achieving a year-to-date return of 17.06% and a one-year return of 60.07% [2]

Core Viewpoint - The company has demonstrated significant growth in its automotive connector business, driven by the rapid development of electric vehicles and increasing demand for intelligent driving solutions [2][3]. Group 1: Company Performance - In the first half of 2025, the company reported a main revenue of 2.524 billion yuan, an increase of 17.71% year-on-year, while the net profit attributable to shareholders decreased by 21.1% to 243 million yuan [9]. - The company’s automotive connector product line has seen substantial improvements in quality, production scale, and cost control, leading to a significant increase in revenue in 2024 [2][3]. Group 2: Market Trends and Opportunities - The market for high-frequency and high-speed automotive connectors is expected to expand significantly due to the electrification and intelligentization of vehicles, with the company aiming to enhance its market share through product iteration and customer loyalty [3]. - The company is actively seeking collaborations with upstream chip manufacturers and machine design manufacturers to capitalize on the growing demand for high-frequency and high-speed connectors in various sectors, including robotics and data centers [6]. Group 3: International Expansion - The company is expanding its overseas operations, particularly in Thailand and Vietnam, to meet international customer demands and improve product quality and delivery [4]. - The company has established stable shipments to major overseas clients and is making progress in acquiring new international customers, which is crucial for increasing overall revenue and market share [4]. Group 4: R&D Focus - Future R&D investments will focus on enhancing collaboration with upstream chip manufacturers and developing modular products that integrate RF connectors with other components [5]. - The company plans to strengthen its strategic layout in automotive Ethernet products and improve automation in production to support the growing demand for intelligent driving solutions [5]. Group 5: Competitive Landscape - In the mobile sector, the company maintains a stable market share in RF connector products, with increasing competition from Japanese manufacturers [8]. - The automotive high-frequency and high-speed connector market is currently dominated by international players, but the company is positioned as a leading domestic manufacturer with strong compatibility with international standards [8]. Group 6: Seasonal Trends - The company experiences seasonal fluctuations in sales, particularly in the second half of the year, due to increased demand in consumer electronics and automotive sectors during this period [9].

Core Insights - The company participated in an investor event organized by the Shenzhen Stock Exchange, focusing on its automotive connector business, overseas factory progress, and R&D investment directions [1][2]. Automotive Connector Business Growth - The automotive connector business has shown significant growth, driven by the acceleration of smart technology in electric vehicles. In 2024, the company achieved major breakthroughs in product variety, quality, and production scale, resulting in substantial revenue growth. The company has increased its supply share with core domestic clients and deepened collaborations with leading international automotive TIER1 clients. The strategic focus on Ethernet products aligns with the high-level smart automotive development, enhancing automation production capabilities and technical accumulation, which is expected to further increase market share as the demand for high-frequency and high-speed connectors in the electric vehicle market expands [3]. Overseas Factory Progress - The company has made significant progress in its overseas factories in Thailand and Vietnam, achieving stable large-scale shipments to international clients. The ongoing expansion of other overseas clients is crucial for increasing revenue and improving international market share [4]. R&D Investment Focus - Future R&D investments will target multiple fields, including the development of 5G millimeter-wave products in the RF connection sector, enhancing collaboration with domestic 5G research institutions, and expanding modular product technology reserves. In the automotive electronics sector, the company will continue to strengthen its Ethernet product layout and improve automation production capabilities. Additionally, with advancements in AI technology, the company plans to collaborate with upstream chip and equipment manufacturers to enter the humanoid robot and AI data center markets, enhancing product competitiveness through R&D collaboration with clients [5]. Industry Competition Landscape - In the competitive landscape, the company has a strong position in the mobile RF connector market, with increasing market share against Japanese competitors. The cable components and electromagnetic compatibility products face intense competition primarily from domestic manufacturers. In the automotive sector, the company is a leading domestic player with products that are well-suited for performance compatibility with international manufacturers, which is expected to enhance its competitive advantage. In the server market, while overseas manufacturers dominate the high-end segment, the company's business scale remains small, prompting plans for increased R&D collaboration [6]. Production Equipment and Seasonal Performance - The company has achieved domestic substitution for some production equipment and will continue to evaluate options to reduce costs. Seasonal fluctuations in performance are noted, with peak sales for consumer electronics and automotive electronics concentrated in the second half of the year, leading to seasonal sales patterns influenced by product shipments and industry inventory characteristics [7].

Group 1: Automotive Connector Performance - The company achieved significant growth in automotive connectors in 2024, driven by the rapid development of electric vehicles and increasing demand for intelligent driving technologies [3] - The product categories, quality, production scale, and competitiveness of automotive connectors have all improved significantly, leading to a substantial increase in revenue [3] - The company has strengthened its relationships with both domestic and international Tier 1 automotive clients, enhancing its market presence [3] Group 2: Strategic Development and Market Expansion - The company is focusing on the strategic layout of Ethernet products related to automotive intelligence, enhancing collaboration with smart driving solution providers and lidar manufacturers [4] - The market for high-frequency and high-speed automotive connectors is expected to expand significantly in the coming years due to the electrification and intelligentization of vehicles [4] - The company aims to increase its market share in this segment by improving product iteration and customer loyalty [4] Group 3: International Operations and Market Penetration - The company is expanding its overseas operations, particularly in Thailand and Vietnam, to meet international customer demands and enhance service quality [5] - Stable large-scale shipments to overseas major clients are being maintained, while new client acquisitions are showing promising results [5] - This expansion is strategically significant for increasing overall revenue and improving international market share [5] Group 4: Research and Development Focus - Future R&D investments will focus on deepening collaborations with upstream chip manufacturers and addressing the needs of downstream end-users [6][7] - The company plans to enhance its technological capabilities in high-frequency and high-speed connectors, particularly in AI and data center applications [7] - Strengthening R&D cooperation with leading chip manufacturers and expanding into high-speed connection applications in data centers are key priorities [7] Group 5: Competitive Landscape - In the mobile sector, the company maintains a stable market share in RF connector products, with a consistent gross margin [7] - The automotive high-frequency and high-speed connector market is currently dominated by international players, but the company is positioned as a leading domestic manufacturer [7] - In the server market, the company aims to strengthen R&D collaboration to compete with established international connector manufacturers [7] Group 6: Seasonal Sales Trends - The company experiences seasonal sales fluctuations, with peak sales occurring in the second half of the year due to increased demand in consumer electronics and automotive sectors [8] - The concentration of new vehicle releases and smart technology iterations in the latter half of the year contributes to this seasonal pattern [8]

Investment Rating - The investment rating for the company is "Buy" and is maintained [5]. Core Views - The company reported a revenue of 2.524 billion yuan for the first half of 2025, representing a year-on-year growth of 17.71%. However, the net profit attributable to shareholders decreased by 21.1% to 243 million yuan, and the net profit after deducting non-recurring gains and losses fell by 19.07% to 239 million yuan [3][10]. - The company is deeply integrated with leading clients in the consumer electronics and automotive connector sectors. It aims to enhance its technology research and market expansion, potentially achieving performance growth driven by both automotive connectors and consumer electronics [10][11]. Summary by Sections Financial Performance - In the first half of 2025, the automotive connector business generated revenue of 811 million yuan, a year-on-year increase of 35.84%, with a gross margin of 37.49%, down 3.29% year-on-year. The RF connector and cable assembly business saw revenue of 467 million yuan, a decrease of 5.78%, with a gross margin of 40.15%, down 4.89% year-on-year. The electromagnetic compatibility components business reported revenue of 448 million yuan, a slight decrease of 0.32%, with a gross margin of 29.14%, down 4.26% year-on-year. The soft board business achieved revenue of 411 million yuan, an increase of 58.11%, with a gross margin of 12.42%, down 5.08% year-on-year. Other businesses generated revenue of 387 million yuan, a year-on-year increase of 14.07%, with a gross margin of 17.89%, down 0.67% year-on-year [10][11]. - The company experienced revenue growth but lower-than-expected net profit due to increased operational costs from capacity expansion, product structure adjustment costs, and price fluctuations leading to a decline in gross margin [10][11]. Market Position and Future Outlook - The company has established a comprehensive R&D system, achieving industry-leading levels in product development and manufacturing. It has entered the supply chains of major global smartphone brands and domestic automotive manufacturers, enhancing its market competitiveness [10][11]. - The company is expected to continue strengthening its technology research and market expansion, with projections for net profit attributable to shareholders of 754 million yuan, 906 million yuan, and 1.1 billion yuan for 2025, 2026, and 2027, respectively [10][11].

证券代码：300679 证券简称：电连技术 公告编号：2025-074 电连技术股份有限公司 关于合伙企业变更经营期限暨重新签订合伙协议的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 电连技术股份有限公司（以下简称"公司"）于 2020 年 8 月 26 日召开了公司 第二届董事会第十三次会议及第二届监事会第十三次会议，会议分别审议通过了《关 于对外投资参与设立合伙企业的议案》，同意公司与深圳市前海鹏晨德润投资合伙 企业（有限合伙）共同合作，投资设立深圳市电连德睿投资合伙企业（有限合伙） （以下简称"电连德睿"或"本合伙企业"）。电连德睿出资总额为人民币 20,000 万元，其中公司作为有限合伙人以自有资金出资人民币19,800万元，出资比例为99%。 具体内容详见公司在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于对外投资 参与设立合伙企业的公告》（公告编号：2020-052）、《关于合伙企业完成工商设 立登记的公告》（公告编号：2020-057）、《关于合伙企业变更普通合伙人暨重新 签订合伙协议的公告》（公告编号：2 ...

| 1、减持股份情况 | | --- | 证券代码：300679 证券简称：电连技术 公告编号：2025-075 电连技术股份有限公司 关于持股 5%以上股东减持计划完成的公告 持股 5%以上股东任俊江先生保证向本公司提供的信息内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 电连技术股份有限公司（以下简称"公司"）于 2025 年 5 月 6 日在巨潮资讯网 （www.cninfo.com.cn）披露了《关于持股 5%以上股东减持股份预披露公告》（公告 编号：2025-039），公司持股 5%以上股东任俊江先生计划自上述公告披露之日起 15 个交易日后 3 个月内（2025 年 5 月 27 日至 2025 年 8 月 26 日）以集中竞价方式减持 公司股份不超过 4,189,336 股。若减持期间公司有送股、资本公积金转增股本等股份 变动事项，减持股份数量进行相应调整。 近日，公司收到持股 5%以上股东任俊江先生出具的《关于股份减持计划实施进 展的告知函》，任俊江先生上述股份减持计划已经实施完成。任俊江先生 2025 年 7 ...

证券代码：300679 证券简称：电连技术 公告编号：2025-073 电连技术股份有限公司 1、电连技术股份有限公司（以下简称"公司"）2025年第三次临时股东会以现 场会议与网络投票相结合的方式召开。其中，通过深圳证券交易所互联网投票系统 投票的具体时间为：2025年8月26日9:15-15:00。通过深圳证券交易所交易系统进行 网络投票的具体时间为：2025年8月26日9:15-9:25、9:30-11:30和13:00-15:00。 现场会议于2025年8月26日15:00在深圳市光明区玉塘街道长圳社区长凤路电连 技术产业园会议室召开。本次会议由公司第四届董事会召集，并由董事长陈育宣先 生主持，会议的召集、召开与表决程序符合有关法律、行政法规、部门规章、规范 性文件和《电连技术股份有限公司章程》的规定。 2025年第三次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会无增加、变更、否决提案的情况； 2、本次股东会不涉及变更前次股东会决议； 3、本次股东会以现场和网络投票相结合的方式召开。 一、会议召开和出席 ...

证券代码：300679 证券简称：电连技术 公告编号：2025-073 电连技术股份有限公司 关于选举第四届董事会职工代表董事的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 根据《中华人民共和国公司法》《深圳证券交易所创业板股票上市规则》《深 圳证券交易所上市公司自律监管指引第2号——创业板上市公司规范运作》等法律法 规、规范性文件及《公司章程》的有关规定，电连技术股份有限公司（以下简称"公 司"）于2025年8月26日召开了2025年第三次职工代表大会，经与会职工代表审议， 会议同意选举王国良先生为公司第四届董事会职工代表董事（简历详见附件）。王 国良先生由第四届董事会非独立董事变更为第四届董事会职工代表董事，任期至第 四届董事会任期届满之日止。 本次选举完成后，公司董事会中兼任公司高级管理人员以及由职工代表担任的 董事人数总计未超过公司董事总人数的二分之一，符合相关法律法规及《公司章程》 等的规定。 特此公告。 电连技术股份有限公司董事会 2025 年 8 月 26 日 附件：职工代表董事简历 王国良先生：1967年1月出生，中国国籍，无境外永久居 ...